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what that means. neil: i think it's a deficit. >> no, it's 17 times our debt. pretty close there. neil: i was talking to charlie rangel earlier on this issue, and he more or less tried to make fun of the notion of imujts themselves, whether they are on time or late, regardless, you know, no one really sticks to them, and actually in truth, he's right about that, but he duds make a mockery of the process, not only when you propose budgets late, and other presidents who have done this before. he's developed into an art form, obviously, but when you don't stick to them in the thing, and you blow them away by spending far more than is allocated in them. what do you think of this in >> well, i think submitting a budget's important besides the fact it's required by law because it's the blueprint for where we go forward fiscally, and you have to abide by the law. what congress is doing between the ryan budget and murray budget, we're going nowhere fast, and essentially, the question is is president obama going to put forth a budget, stick his neck out, modernize entitlements? guess what, if n
that is about. i do know $16.7 trillion debt, growing at the rate of the deficit every year, is a big problem. >> so they see, they say -- i want to stress it is a big problem, but not an immediate crisis, di does that take the urgency off of addressing it? >> no, it does not, what business, what investment and capital is looking for is they are looking for tre deccability -- predictabilitiy and stannability, which they see the movement going on in the debt itself, that offers neither. >> when you and the governors met with the president, a weeks ago, and you talk, i think you were knee deep in the whole sequestration debate. and president's warning that disaster is coming. >> that was the story. neil: and i thought to myself, governor, i mean, holy cow. however onurus the cuts would be, they are in a 3.6 -- budget, if whining about these cuts what are we doing when we have to put pedal to metal. >> i don't know, i can tell you that the governors said for the most part, we can handle this we've been balancing our budgets since '08 when the downturn came. neil: did any of you say, quit scaring
for the time. but i'm not seeing anything taming the grove of spending in the interim. so, deficits get worse, debt gets bigger problems get more inser mount able to me. >> right. soon we'll all look at detroit or greece or cyprus or mexico city. >> do you think that is where we are headed? >> pretty much, it happened during the great depression, it of created not by our economy but the government, we have the great recession right now, if we don't get out of the great recession it is a great depression. neil: all right on that happy note. how it was like, outside of that mrs. lincoln, how of the show. do you think that union unions are down and out? get ready, they are fighting back, and they have a lot of cash, wait until you hear where they are getting it. and wait until you find out what they have named in their corner. >> clash of the corporate tita titans. aig ceo robert whether he will lawyer up against the very folks to bailed his company out. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from nation
of cutting something else we have a trillion dollar deficit. neil: you know, every time the president or something else goes on a foreign trip, i immediately hang to my wallet. they open the wallet left and right to the foreign governments, i'm thinking, that is not good. >> last week, we signed a contract state department, giving usaid 25 million to crime frightennishtivefight inivetives in el salvador. foreign trade is a much better way to get there. but this shows that spending that steve is talking about happens every day, no one cares, very few people write about itic semp cranks like us, and maybe you should step back, take a breath and cut something. neil: the foreign aid budget, is you know, if you count it about 20 billion a year. that is a lot of money to be giving away from american taxpayers to give to foreign country, and show me any example where foreign aid has worked to make a country richer. i said, it gives money from poor people, and rich people, and gives to to rich people in poor countries that is what foreign aid is. neil: thank you very much. >> thank you. neil:
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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